263 E Coventry WayLake PointUT84074
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Lake Point at 263 E Coventry Way, Lake Point, UT, 84074 listed at $824,000 pairs $2,946/mo rent with a $4,033/mo payment. Total monthly income runs $2,946/mo. Return on cash invested measures 11.72% in year one, and rental yield registers 4.29% at a $824,000 basis. Equity gained on principal adds $5,317/yr, and annual property appreciation at 5% supports $227,656 by year five. Five-year ROI tracks 58.48% and total cumulative return in cash totals $158,539. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,946/mo property income relative to a $4,033/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2019
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84074, Tooele, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,335 (100%) |
| Owner Occupied HU | 16,539 (81.3%) |
| Renter Occupied HU | 3,219 (15.8%) |
| Vacant Housing Units | 577 ( 2.8%) |
| Median Home Value | $444,679 |
| Average Home Value | $471,497 |
Housing Distribution
Address Breakdown
Residential
19,187
Single Family
18,675
Multi-Family
512
Businesses
852
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Listed by: Ryan Ogden • Realtypath LLC (Executives)
Mls Name: UtahRealEstate.com
Mls ID: #2131252